ORANGE, COUNTY OF (11) -2010 - Laserfiche WebLink

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Agreement No. D99-12 expenditures and an estimate o£ the payment required from each PARTY for the following Fiscal year. The PART=ES shall be permitted to review and approve the program scope o£ work and budget for the forthcoming year, review work products, and provide direction for performance of the scope of work. Criterion for approval of the program scope of work and budget shall be affirmative responses from all PARTIES. The COUNTY and DSSTR2CT will constitute one approving PARTY. Any PARTY not providing a response by July 15 of each year shall be considered an affirmative response. The COUNTY shall be entitled to charge to the program all costs for direct labor, materials, equipment and outside contract services for costs associated with carrying out the approved scope of work. Recoverable costs will also include an overhead charge. Section 5. PAYMENTS. The COUNTY shall invoice each PARTY For its annual deposit at the beginning (July 1) Of each Fiscal year. Each PARTY shall pay the deposit within 45 Calendar days O£ the date of the invoice- Each PARTY'S deposit shall be based on its prorated share of the approved annual budget, reduced by the sum of (a) its prorated share of any surplus identified in the prior fiscal year end accounting, and (b) its prorated share of any funding provided for programs in the approved budget from entities not party to this AMENDMENT. 2nterest earned on the PARTIES' deposits will not be paid to the PART2E5, but will be credited against the PART2ES' share of the program costs. The COUNTY shall notify each o£ the PART=ES i£ it appears that costs may exceed the budget approved by the PARTIES in any fiscal year. The COUNTY shall prepare a fiscal year end accounting within 60 calendar days of the end of the fiscal year. 2f the fiscal year end accounting results in costs (net of interest earnings) exceeding the sum of the deposits, and the COUNTY has notified and obtained approval from the PARTIES of potential cost overruns, the COUNTY shall seek approval of the excess cost from the PARTIES in the form of a revised budget and, upon approval, shall invoice 4 Final Version ?/B/20